How would one characterize  holding company?  a). A company that "holds" only assets, no liabilities b)  a company which has no "operational" assets on its balance sheet, just other operating companies c)  company that is not organized as a corporation  d) a company that holds grudges against another company.

College Accounting, Chapters 1-27
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Chapter2: Analyzing Transactions: The Accounting Equation
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Problem 3TF: According to the business entity concept, nonbusiness assets and liabilities are not included in the...
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How would one characterize  holding company? 

a). A company that "holds" only assets, no liabilities

b)  a company which has no "operational" assets on its balance sheet, just other operating companies

c)  company that is not organized as a corporation 

d) a company that holds grudges against another company. 

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